Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
August 15 2019 - 2:48PM
Edgar (US Regulatory)
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
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OMB
APPROVAL
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OMB
Number: 3235-0058
Expires: February 28, 2022
Estimated average burden
hours per response .... 2.50
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SEC
FILE NUMBER
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CUSIP
NUMBER
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(Check
one):
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[ ] Form
10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form 10-D [ ] Form N-SAR [ ] Form N-CSR
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For
Period Ended:
June 30, 2019
[ ]
Transition Report on Form 10-K
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Transition Report on Form 20-F
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Transition Report on Form 11-K
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Transition Report on Form 10-Q
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Transition Report on Form N-SAR
If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART
I — REGISTRANT INFORMATION
Gaucho
Group Holdings, Inc.
Full
Name of Registrant
Algodon
Group, Inc.
Former
Name if Applicable
135
Fifth Avenue, Floor 10
Address
of Principal Executive Office (Street and Number)
New
York, NY 10010
City,
State and Zip Code
PART
II — RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if appropriate)
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(a)
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The reason described
in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
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[X]
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(b)
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The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR,
or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D,or portion thereof, will be
filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountant’s
statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART
III — NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-CEN, N-CSR, or the transition report or portion thereof, could
not be filed within the prescribed time period.
Gaucho
Group Holdings, Inc. (the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for
the quarter ended June 30, 2019 (the “Form 10-Q”) by August 14, 2019, the original due date for such filing because
of the recent designation of Argentina as a highly inflationary economy. As a result, the functional currency of the Company’s
Argentine subsidiaries has become the US dollar (“USD”) at the beginning of the quarter following the date that the
economy was deemed to be highly inflationary, which was July 1, 2018. However, since the Argentine subsidiaries will continue
to transact and maintain their financial records in the local currency, the Argentine Peso (“ARS”), remeasurement
of the books and records of the Argentine subsidiaries from ARS to USD is required by applicable provisions of the Accounting
Standards Codification.
As
a result, the Company cannot, without unreasonable effort or expense, file its Form 10-Q on or prior to the original due date.
The Company anticipates that it will be able to file the Form 10-Q within the extension period provided under Rule 12b-25.
PART
IV — OTHER INFORMATION
(1)
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Name and telephone
number of person to contact in regard to this notification
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Scott
L. Mathis
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212
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739-7650
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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Have all other periodic
reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s)
been filed? If answer is no, identify report(s).
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Yes [X] NO [ ]
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(3)
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Is
it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the subject report or portion thereof?
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Yes
[ ] NO [X]
If
so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
Gaucho
Group Holdings, Inc.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
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August
15, 2019
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By:
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/s/
Scott L. Mathis
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Scott L. Mathis, President & CEO
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INSTRUCTION:
The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of
the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority
to sign on behalf of the registrant shall be filed with the form.